Mar 16, 2013 12:00am PDT
harness your energy for the things that matter, and in some cases to realize it does not matter whether i win or lose here at all. a surgeon might be -- might want to be the best surgeon he can be but will not care how he is on the weekend in long island on the ping-pong table. recognizing the social circumstance. this is a crucial competitive skill. tavis: the media, and when i say that, i mean madison avenue. the guys responsible for this notion that if you lose, you are a loser, and that the winner takes all means all. who cares about second place? to what level is society responsible for what we think about with winning and losing? >> i do sort of think there is a zero sum. look at politics right now, congress. we cannot give anything because to give anything means we are the loser. that zero some mentality encourages people cheating, going for broke, because they do not feel -- we were writing a piece a few days ago about kids studying for the s.a.t.. that is a zero sum game. you get into harvard, or you do not. you do not come out and say, "i learned a lot." it is about ge
Mar 19, 2013 6:30pm PDT
change included energy infrastructure, levies, and inland waterways. inland waterways getting a d-minus, barely above a failing grade. how, if you know, does the u.s. infrastructure compare with that of other countries? in some surveys, very poorly, i believe. >> well, what we do know is that our infrastructure is a part of our competitiveness in the world. if we want to be competitive we need to invest. we can look at things such as china investing some 9% in their infrastructure. europe investing 5% of their gdp in infrastructure. yet you look at the united states, and we're down around 2%. and that's about half of what we invested 50 years ago. >> what about bridges? where -- how -- you know, there have been major stories having to do with the safety of our bridges, that major collapse in minneapolis a few years ago, are they getting better or not? >> yes. they're actually getting better. they improved over our 2009 report card. again, reflecting an increase investment in bridges. we're seeing that around the nation as local leaders step up and start replacing bridges that need
Mar 15, 2013 6:30pm PDT
business report," i'm jackie deangelis. >>> while energy prices creep higher, so does optimism about the recovery in the u.s. housing market. one of the nation's largest home builders say the fundamentals in the real estate turn around are strong, and that an increase in home prices is not a bad thing. >> what we're seeing is that prices are moving up, not because costs are moving up so much, but because demand is getting so strong, we're seeing some freeing up in the mortgage market. so there is some liquidity out there. >> two subsidiaries of is sc capital hedge fund are paying a record amount to settle insider trading charges. the units have agreed to pay more than $600 million to settle claims from the securities and exchange commission over improper trading in two stocks. the s.e.c. said it might still investigate individuals at the firm. >>> on capitol hill today, jpmorgan came under fire at a senate hearing. bank executives were grilled about more than $6 billion in trading losses due to a series of botched trades orchestrated by a trader now infamously known as the london whale.
Mar 14, 2013 6:30pm PDT
tomorrow on "nightly business report," we'll be looking at the impact of higher energy costs on the consumer price index. we'll learn how confident consumers are right now with the michigan survey out. and we'll get alan greenspan's views on the economy right now. first here's a look at the international markets and how they did today. >>> a big night in the big apple for samsung tonight. it's expected to launch its newest smartphone, the galaxy s4. the company rented radio city music hall for the unveiling. samsung hopes it will help it gain share over apple's popular iphone. apple is still number one with 34% share. samsung has 19%. joining us with more, dennis berman from "the wall street journal." dennis, a lot of hype for this new samsung phone. what's new? what are the bells and whistles? >> of course, the hype -- it's supposed to be unveiled at radio city music hall. they chose a pretty cool venue for it. they're not saying precisely, but there have been some things that leaked out their business speculation. one of the possibilities is perhaps that the phone follows your eye